Sinyi Realty Valuation

Q: What is the Fair Price of 9940 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

9940 (NT$29.8) is trading below our estimate of [[fair value]] (NT$32.74)

Is 9940 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9940 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9940 (NT$29.8) is trading below our estimate of fair value (NT$32.74)

Significantly Below Fair Value: 9940 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9940?

Key metric: As 9940 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9940. This is calculated by dividing 9940's market cap by their current earnings.
What is 9940's PE Ratio?
PE Ratio	11.3x
Earnings	NT$1.95b
Market Cap	NT$21.77b

9940 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.2x
Enterprise Value/EBITDA	13.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 9940's PE Ratio compare to its peers?

The above table shows the PE ratio for 9940 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	17.7x
2348 Hi-Yes International	9x	-29.3%	NT$25.9b
2511 Prince Housing & Development	48.1x	n/a	NT$17.4b
2545 Huang Hsiang Construction	7.8x	n/a	NT$25.5b
2520 Kindom Development	5.8x	n/a	NT$31.5b
9940 Sinyi Realty	11.3x	n/a	NT$21.8b

Price-To-Earnings vs Peers: 9940 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does 9940's PE Ratio compare vs other companies in the TW Real Estate Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 9940 is good value based on its Price-To-Earnings Ratio (11.3x) compared to the TW Real Estate industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is 9940's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9940 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 9940's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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